Earnings results for ConocoPhillips (NYSE:COP)
ConocoPhillips is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.57. The reported EPS for the same quarter last year was $0.45.
ConocoPhillips last released its quarterly earnings data on February 1st, 2021. The energy producer reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.06. The company earned $6.05 billion during the quarter, compared to analysts’ expectations of $4.69 billion. ConocoPhillips has generated $3.59 earnings per share over the last year. ConocoPhillips has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. ConocoPhillips will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.
Analyst Opinion on ConocoPhillips (NYSE:COP)
21 Wall Street analysts have issued ratings and price targets for ConocoPhillips in the last 12 months. Their average twelve-month price target is $55.68, predicting that the stock has a possible upside of 8.88%. The high price target for COP is $73.00 and the low price target for COP is $44.00. There are currently 3 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of “Buy.”
ConocoPhillips has received a consensus rating of Buy. The company’s average rating score is 2.86, and is based on 18 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $55.68, ConocoPhillips has a forecasted upside of 8.9% from its current price of $51.14. ConocoPhillips has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: ConocoPhillips (NYSE:COP)
ConocoPhillips pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends. ConocoPhillips has only been increasing its dividend for 3 years. The dividend payout ratio of ConocoPhillips is 47.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ConocoPhillips will have a dividend payout ratio of 191.11% in the coming year. This indicates that ConocoPhillips may not be able to sustain their current dividend.
Insiders buying/selling: ConocoPhillips (NYSE:COP)
In the past three months, ConocoPhillips insiders have not sold or bought any company stock. Only 0.70% of the stock of ConocoPhillips is held by insiders. 72.87% of the stock of ConocoPhillips is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of ConocoPhillips (NYSE:COP
Earnings for ConocoPhillips are expected to grow in the coming year, from ($0.90) to $0.90 per share. The P/E ratio of ConocoPhillips is -45.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of ConocoPhillips is -45.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. ConocoPhillips has a PEG Ratio of 10.03. PEG Ratios above 1 indicate that a company could be overvalued. ConocoPhillips has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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